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- DescriptionToday antitrust law shapes the policy of almost every large company, matter where headquartered. But this wasn't always the case. Before World War II, the laws of most industrial countries tolerated and even encouraged cartels, whereas American statutes banned them. In the wake of World War II, the United States devoted considerable resources to building a liberal ecomic order, which Washington believed was necessary to preserving t only prosperity but also peace after the war. Antitrust was a cornerstone of that policy. This fascinating book shows how the United States sought to impose-and with what results-its antitrust policy on other nations, especially in Europe and Japan. Wyatt Wells chronicles how the attack on cartels and mopoly abroad affected everything from energy policy and trade negotiations to the occupation of Germany and Japan. He shows how a small group of zealots led by Thurman Arld, who became head of the Justice Department's Antitrust Division in 1938, targeted cartels and large companies throughout the world: IG Farben of Germany, Mitsui and Mitsubishi of Japan, Imperial Chemical Industries of Britain, Philips of the Netherlands, DuPont and General Electric of the United States, and more. Wells brilliantly shows how subsequently, the architects of the postwar ecomy-tably Lucius Clay, John McCloy, William Clayton, Jean Monnet, and Ludwig Erhard-uncoupled political ideology from antitrust policy, transforming Arld's effort into a means to promote business efficiency and encourage competition.
- Author BiographyWyatt Wells is associate professor of history at Auburn University at Montgomery. He is the author of Economist in an Uncertain World: Arthur F. Burns and the Federal Reserve, 1970-1978.
- Author(s)Wyatt C. Wells
- PublisherColumbia University Press
- Date of Publication19/03/2003
- SubjectHistory: World & General
- Series TitleColumbia Studies in Contemporary American History
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintColumbia University Press
- Weight408 g
- Width148 mm
- Height225 mm
- Spine18 mm
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